This loan is a first deed of trust on a duplex in Davis, CA. Davis, California, is a vibrant college town located in Yolo County, about 15 miles west of Sacramento. Known primarily as the home of the University of California, Davis, the city has a strong emphasis on education, research, and sustainability. The local economy is driven by the university, agriculture, and technology innovation, with a thriving downtown area offering restaurants, shops, and cultural events. With a blend of small-town charm and academic energy, Davis offers residents a high quality of life and a deep sense of community. The subject property is a residential duplex located at 1719–21 Monarch Lane in Davis, California. The duplex is situated on a 7,475- square-foot R-2 zoned lot in a stable residential neighborhood near schools, shopping, and freeway access. Built in 1975, the structure offers a total of 2,036 square feet, with two 3-bedroom, 1-bath units of approximately 1,018 square feet each, each including an attached one- car garage. Both units are in average condition and are currently tenant-occupied on month-to-month leases, generating a combined monthly rent of $4,800. Overall, the duplex represents a well- maintained, income-producing residential investment, appraised at $860,000 as of August 7, 2025. The purpose of the loan is to provide cash out to be used towards tenant improvements on an office building that the Borrower has owned since 2007. He is currently in negotiations with a new tenant, Regus, which will offer flexible office workspaces. On or before maturity, the Borrower will refinance into a long-term conventional loan and continue to hold the property. The loan will have a maturity in 24 months.